MANILA, Philippines — Party-list group Bayan Muna had denounced President Rodrigo Duterte for failing to consider intelligence funds and loans from foreign lenders to provide P10,000 cash assistance to poor Filipino families.
In a statement on Tuesday, Bayan Muna Rep. Carlos Zarate said there should be a thorough accounting of what happened to the loans acquired by the government since these amounted to trillions of pesos that could have fed poor families during the lockdown.
Duterte probably borrowed around P2.564 trillion, Zarate alleged, based on reports that the national government owes P7.763 trillion in January 2020 and P10.327 trillion the following year. Using d…
Keep on reading: Bayan Muna to Duterte: Perhaps intel funds, loans could be used as P10-K ayuda